A Caution to the Directors of the East-India Company

A Caution to the Directors of the East-India Company - With Regard to Their Making the Midsummer Dividend of Five Per Cent. Without Due Attention to a Late Act of Parliament, and a By-law of Their Own

Every effort has been made to replicate this text as faithfully as possible, including obsolete and variant spellings and other inconsistencies. Text that has been changed to correct an obvious error is noted at the end of this ebook. Perhaps there never was such a necessity, for an address to you upon the subject of caution, since the East-India company was established, as at present.Your great successes in India, have drawn upon you the envy of your own countrymen, as well as the other European powers; the great increase of your dividend, has alarmed the proprietors of other funds for their own property; the differences among yourselves, and your [Pg 2]fellow-proprietors, have furnished this envy, and these fears, with the means perhaps of overturning your constitution. Tho' I will not presume to determine, whence these differences arose, or who have been to blame, that not being part of the present design, you will agree with me they have drawn upon you the notice of the legislature, and have produced an act of parliament, that affords either party but little cause for rejoicing, however grateful it may be to the public. I must suppose you would wish to keep your golden fleece to yourselvesunion among yourselves would have secured itbut your differences have exasperated the watchful dragon, the guardian of this treasure, and you now only hold it in participationA strange participation too, where the public is to receive four hundred thousand pounds, while you are to receive nothingI say nothingfor I shall endeavour to prove you cannot make your dividend of 5l. per cent. due the 5th of last July, nor will you be able, as [Pg 3]things now stand, to declare the dividend of 5l. per cent. at Christmas next. ......Buy Now (To Read More)

Product details

Ebook Number: 37048
Author: Anonymous
Release Date: Aug 12, 2011
Format: eBook
Language: English